Apple shareholder sues Jobs' estate & Cook over hiring deals

An Apple shareholder has filed a lawsuit against founder Steve Jobs posthumously, as well as current chief executive Tim Cook.

According to Sky News, the lawsuit alleges the tech giant misled investors and damaged the value of the company by striking a hiring agreement with rivals. The case was filed by shareholder R. Andre Klein on behalf of all Apple shareholders.

In the court papers, Klein alleges Apple violated the US Securities and Exchange Act by making deals with tech firms such as Google, Intel, Adobe and others to not actively recruit employees away from each other.

Klein is demanding an unspecified payment from the company for damages to shareholders as a result of the case.

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